United Way of Cape Cod

Analysis

United Way of Cape Cod is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Way of Cape Cod reported income of $1.5m and spending of $1.5m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.5m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Cape Cod sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Panera Bread Foundation Inc ($1.5m), United Way of Snohomish County ($1.5m) and St Elizabeths Community Development Foundation Wabasha MN Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $136k (8.9% of expenses). Other salaries and wages came to $189k. At year end it held assets of $1.1m against liabilities of $383k, net assets of $687k. It reported 4 employees.